US Supreme Court "Trump Cannot Immediately Dismiss Federal Reserve Governor"...Hawkish Fed Independence Maintained

▲ Donald Trump, Federal Reserve/AI generated image

The Bitcoin market is once again burdened with hawkish monetary policy as the U.S. Supreme Court put the brakes on U.S. President Donald Trump's attempt to dismiss a Federal Reserve governor.

According to crypto media outlet BeInCrypto on June 30 (local time), the U.S. Supreme Court ruled 5-4 on June 29 that Trump cannot immediately dismiss Lisa Cook, a governor of the U.S. Federal Reserve. BeInCrypto analyzed that this decision upheld the Fed's independence but resulted in maintaining a hawkish Fed stance at an unfavorable time for Bitcoin (BTC).

Trump was reportedly pushing for Cook's dismissal to appoint a person more favorable to interest rate cuts as a Fed governor. However, with the Supreme Court's intervention, Trump's path to arbitrarily dismiss a Fed governor and change the monetary policy landscape has been blocked. BeInCrypto assessed that this ruling has lowered the short-term possibility of forming a Fed board favorable to interest rate cuts.

Market burden is already evident in the interest rate trajectory. BeInCrypto reported that interest rate cut forecasts for 2026 disappeared at the June Federal Open Market Committee meeting, and the possibility of interest rate hikes was back on the table. High interest rates act as a burden on Bitcoin, a non-yielding asset, and Bitcoin ETF outflows continued in June.

Bitcoin fell below $60,000 on Monday and is down more than 50% from its all-time high, BeInCrypto reported. Cook stated in a statement, “This matter was never about mortgage documents. It was an attempt to remove me using fabricated pretexts because I did not succumb to political pressure.”

The events surrounding Cook began with mortgage fraud allegations raised by Bill Pulte, Director of the Federal Housing Finance Agency (FHFA), in August 2025. Pulte claimed that Cook had listed two homes in Michigan and Georgia as her primary residences within weeks of each other in 2021. Cook's lawyers refuted these claims as baseless, arguing they relied on ambiguous wording in a single mortgage document.

This ruling highlights the limitations on Trump's ability to arbitrarily dismiss Fed governors to push for interest rate cuts. BeInCrypto believes that a hawkish Fed stance is likely to be maintained until the lower courts rule on the merits. The combination of weakening interest rate cut expectations, Bitcoin ETF outflows, and Bitcoin falling below $60,000 has further increased the monetary policy burden on the cryptocurrency market.

[Article Key Summary]

- The U.S. Supreme Court ruled 5-4 that Trump cannot immediately dismiss Federal Reserve Governor Lisa Cook.

- BeInCrypto analyzed that this decision lowered the possibility of forming a Fed board favorable to interest rate cuts, burdening Bitcoin.

- Bitcoin fell below $60,000 on Monday, and June Bitcoin ETF outflows and concerns about interest rate hikes also acted as market pressure factors.

*Disclaimer: This article is for investment reference only, and we are not responsible for investment losses based on it. The content should be interpreted for informational purposes only.*